iShares Short Treasury Bond ETFAverage Yield to Maturity: 0.15%Expense Ratio: 0.15%Perfect!It is just like cash, only it isn't cash. It's a professionally managed bond fund! Genius!Check out the fund's chart. What's not to like? $2.4 billion in assets! Very popular!July 20, 2009Focus on short end of yield curve, PIMCO saysFocus as you patiently await the end of ZIRP! 5 years so far! But we really,...
Wednesday, February 12, 2014
The following chart compares the 3-month treasury bill yield in the aftermath of the Great Depression to the 3-month treasury bill yield in the aftermath of the Great Recession.Click to enlarge.For the record, I am not predicting World War III (nor would I expect it to even remotely solve our long-term ZIRP...
The following scatter chart compares annual disposable personal income per capita growth (bottom scale) to the annual increase in the consumer price index (left scale).Click to enlarge.From 1960 to 2013:1. 2009 was the worst year for disposable personal income growth per capita. It was also the record low year...
Tuesday, February 11, 2014
The following chart shows the annual change in beer, wine, and distilled alcoholic beverage wholesalers' sales.Click to enlarge.Don't let the trend line concern you. As seen in the next chart, I assure you that we are more than prepared to throw a legendary party!Click to enlarge.Just look at all that inventory...
The following chart shows the semiannual average of the number of job openings divided by the number of hires (as seen in the Job Openings and Labor Turnover Survey).Click to enlarge.Note that this ratio appears to be a leading indicator for the last two recessions (too bad there isn't more data to backtest it...
Monday, February 10, 2014
Click to enlarge.The blue line shows the annual average of the St. Louis Fed Financial Stress Index and the Kansas City Financial Stress Index.The red line shows the negative of the annual average of the real S&P 500 Index (December 2013 dollars).1. The key to maintaining the stock market's currently lofty...
January 30, 2014Map: 'How Much Snow It Typically Takes to Cancel School in the U.S.'Using data "taken from hundreds of various points from user responses...interpolated using NOAA's average annual snowfall days map," Trubetskoy made a map showing how much snow it typically takes to close schools in the U.S. and Cana...
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